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Tuesday, December 1, 2009

Bond value of Oto Multiartha swelling up

as published in Bisnis Indonesia daily newspaper
Tuesday, 01/12/2009 00:00 WIB
Bond value of Oto Multiartha swelling up

JAKARTA: Bond issuance value of PT Oto Multiartha has potential rise up to IDr1 trilion from early scheme of IDR600 billion due to the high demand from investors. Bond coupon offered to investors ranged from 9.75 to 12.75 percent.

"Their bond book building process is very good. The company will make it to public in couple of days," said an informed executive to Bisnis yesterday.

He said the bond issuance here has almost doubled oversubscription or nearly IDR1.2 trillion worth. The high demand is due to the relatively stable government bonds (SUN) with the bullish condition in the past two weeks.

Finance Director of Oto Multiartha Edi Suyitno said he was on leave so he could not confirm the information, and so was Operational Director of Oto Multiartha Rosalina Dhanudimuljo could barely provide confirmation. " I am on meeting," he said last night.

Director of PT Standard Chartered Securities Indonesia Agus Wicaksono conceded the company has set the coupon. But he directed the coupon query to emitter.

President Director of PT HSBC Securities Indonesia Hari Bartolomeus Mantoro said Oto Multiartha has still waited for effective statement given by the Capital Market and Finance Institutions Supervisory Agency (Bapepam-LK) which is scheduled Wednesday this week.

In addition to Standard Chartered Securities and HSBC Securities, bond emitter here also assigned PT Sinarmas Sekuritas as the underwriters. PT Bank Mandiri Tbk acts as the trustee boards and undewriting agents in the bond issuance. (Bisnis/21)

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